RE:[sap-acct] Intercompany payables - vendors /customers vrs GL's
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Posted by Marylou Haldemanon 07/23/2009 02:18:00 PM
For our model, we use both inter-company customer and vendor accounts, as well as corresponding OIM G/L accounts for general inter-company charges that do not need to process thru customer and vendor accounts. To facilitate the netting process, we will settle those specific inter-company customer and vendor accounts that participate in netting to their corresponding OIM G/L accounts at month-end. Therefore, we have three unique accounts that represent the inter-company activity between Company 1 & Company 2 - a customer subledger account, a vendor subledger account and a GL OIM account. __.____._
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Toolbox.com
4343 N. Scottsdale Road
Suite 280
Scottsdale, AZ 85251
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